Note 12: LEASE COMMITMENTS
The Company leases facilities and equipment under noncancelable
operating leases. Rental expense under long-term
operating leases of real property,vehicles and other equipment was
$4,039,000 in 2007, $3,774,000 in 2006, and $3,786,000 in 2005.
Future rental commitments were as follows as of November 30,
2007:
| (In thousands) |
Years ending
November 30, |
Amount |
|
| |
2008 |
$ 4,289 |
| |
2009 |
4,144 |
| |
2010 |
3,521 |
| |
2011 |
2,639 |
| |
2012 |
1,935 |
| |
Thereafter |
21,927 |
| |
|
|
| |
|
$ 38,455 |
Future rental commitments for leases are not reduced by minimum
non-cancelable sublease rentals aggregating $3,051,000 at November
30, 2007. |